CODE Inc. Europe
A bankruptcy procedure is open for CODE Inc. Europe according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €11k and a net result of €12k.
| Equity | €11k |
| Net result | €12k |
| Locations | 1 |
| Publications | 3 |
Mixed profile: strong on profitability, weaker on stability.
All 5 axes are computed from data Checked has read.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Figures by fiscal year and ratios
| Fiscal year | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | €12k | €-20k | €-17k | €-31k |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €25k | €18k | €13k | €19k |
| Equity | €11k | €-2k | €1k | €-13k |
| Debt | €14k | €20k | €12k | €32k |
| of which ≤ 1y | €14k | €20k | €12k | €32k |
| of which > 1y | - | - | - | - |
| Working capital | €11k | €-2k | €1k | €-13k |
| Employees (FTE) | - | - | - | - |
| 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|
| Current ratio | 1.79 | 0.92 | 1.11 | 0.60 |
| Quick ratio | 1.79 | 0.92 | 1.11 | 0.60 |
| Working capital ratio | 44.2% | -9.1% | 10.0% | -66.3% |
| Solvency | 44.2% | -9.1% | 10.0% | -66.3% |
| Debt / equity | 1.26 | - | - | - |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 50.8% | -111.9% | -134.0% | -162.5% |
| ROE | 115.1% | 1236.2% | -1341.1% | 245.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (18 line items)
| Line item | Code | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €25k | €18k | €13k | €19k |
| Current assets | 29/58 | €25k | €18k | €13k | €19k |
| Amounts receivable within one year | 40/41 | €22k | €17k | €12k | €5k |
| Cash & bank | 54/58 | €2k | €771 | €747 | €14k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €25k | €18k | €13k | €19k |
| Equity | 10/15 | €11k | €-2k | €1k | €-13k |
| Contributions / capital | 10/11 | €19k | - | - | €19k |
| Accumulated profits (losses) | 14 | €-8k | €-20k | €-17k | €-31k |
| Amounts payable | 17/49 | €14k | €20k | €12k | €32k |
| Amounts payable within one year | 42/48 | €14k | €20k | €12k | €32k |
| Trade debts payable within one year | 44 | €8k | €14k | €7k | €7k |
| Income statement | |||||
| Gross operating margin | 9900 | €13k | €-2k | €13k | €1k |
| Operating result | 9901 | €13k | €-3k | €13k | €-254 |
| Financial income | 75 | - | €148 | €1k | - |
| Financial charges | 65 | €86 | €175 | €174 | - |
| Result before taxes | 9903 | €12k | €-3k | €14k | €-254 |
| Net result for the period | 9904 | €12k | €-3k | €14k | €-254 |
| Result to be appropriated | 9905 | €12k | €-3k | €14k | €-254 |
| Role | Name | Tenure |
|---|---|---|
| Curator | WIM DE SCHUYMER HEERWEG-ZUID 2/001,
9052 ZWIJNAARDE |
16-06-2026 → present |
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 13-09-2005 |
| Status | Inactive |
| Postal code | - |
| First insolvency signal | 22-06-2026 |
| Latest insolvency signal | 22-06-2026 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0314/00A000 | Flanders | 5,814 m² | 1 · 524 m² | 0.1 m |
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 09-01-2025 to 16-06-2026.
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
24-03-2022 Registered office moved from Gent to Sint-Denijs-Westrem
- Bellevue 5 bus 1001, 9050 Gent → Raymonde de Larochelaan 15 bus 104 9051 Sint-Denijs-Westrem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Raymonde de Larochelaan 15 bus 104\n9051 Sint-Denijs-Westrem",
"city": "Sint-Denijs-Westrem",
"region": "vlaams_gewest",
"street": "Raymonde de Larochelaan",
"country": "BE",
"postcode": "9051",
"box_number": "104",
"street_number": "15",
"locality_suffix": null
},
"old_address": {
"raw": "Bellevue 5 bus 1001, 9050 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Bellevue",
"country": "BE",
"postcode": "9050",
"box_number": "1001",
"street_number": "5",
"locality_suffix": null
},
"effective_date": "2022-03-01",
"evidence_quote": "BESLIST de maatschappelijke zetel van de vennootschap met ingang van 1 maart 2022 te verplaatsen naar volgend adres: Raymonde de Larochelaan 15 bus 104 9051 Sint-Denijs-Westrem",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2022-03-16",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enige_bestuurder",
"date": "2022-02-23",
"unanimous": true
},
"subject_company": {
"kbo": "0876.117.262",
"name_full": "CODE INC. EUROPE",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Bram Busselot",
"org_rep_person_name": null,
"person_role_at_subject": "Bijzonder gevolmachtigde"
},
"co_filed_documents": [
"kopie na neerlegging van de akte ter griffie"
]
}No credit: a bankruptcy procedure is open.
| Legal nameNL | CODE Inc. Europe |
- 09-01-2025 Address struck